Markets & Farming Articles - Manitoba Co-operator

Canadian Financial Close: Loonie steady, oil mixed

By GFM Network News March 22, 2021

WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar held mostly steady on Monday, but still remained slightly below the US$0.80 mark. The loonie finished at US$0.7992 or US$1=C$1.2513, compared to Friday’s close of US$0.7996 or US$1=C$1.2506. On the U.S. Dollar Index, the greenback dropped by 0.13 at 91.79 points. Benchmark crude oil prices were mixed

Futures markets

North American Grain/Oilseed Review: Canola up sharply in front months

By GFM Network News March 22, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, seeing some follow-through buying interest after Friday’s rally as sharp gains in Chicago Board of Trade soyoil provided support. Bullish chart signals and ongoing concerns over tight old crop supplies contributed to the move higher in canola.

Markets, News

Brazil to reap record corn harvest but second crop worries linger

By Ana Mano March 22, 2021

Reuters – Brazilian farmers will harvest a record corn crop even as growers plant their second corn crop outside the ideal window, Paulo Molinari, an analyst with Safras & Mercado, said in a recent presentation. Total corn production in the 2020-21 cycle is estimated at 113.5 million tonnes, up six per cent from the previous

Futures markets

ICE canola turns mixed at midday Monday

By GFM Network News March 22, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, recovering from overnight declines in the front months as a rally in Chicago Board of Trade soyoil provided support. Malaysian palm oil was also higher in overnight activity, boosted by solid export demand. Friday’s rally brought

Currency markets

Canadian dollar and business outlook

By GFM Network News March 22, 2021

By MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar holding relatively steady Monday morning, seeing some consolidation to start the week. At 8:55 a.m. CDT Monday morning the Canadian dollar was at US$0.7999 or US$1=C$1.2502 which compares with Friday’s North American close of US$0.7996 or US$1=C$1.2506. Bank of Canada Deputy Governor Toni Gravelle is

Futures markets

ICE Canada Morning Comment: Canola starts week lower

Despite gains in comparable veg oils

By GFM Network News March 22, 2021

By Glen Hallick, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday morning, despite supportive gains in other edible oils. Concerns about tight old crop supplies continued to underpin canola values. The Canadian dollar was relatively steady, with the loonie at 80.03 U.S. cents, compared to Friday’s close

Global markets

Global Markets: CP buys Kansas City Southern for US$25 billion

By GFM Network News March 22, 2021

WINNIPEG, March 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian Pacific Railway (CP) announced on Sunday it has agreed to purchase Kansas City Southern for US$25 billion in an attempt to create a 32,000-kilometre rail network extending into both the United States and Mexico.

Strip steak with mushrooms. (Photo courtesy Canada Beef Inc.)

Beef cattle, Livestock, Markets

Beef trade gap seen growing as U.K. pact clears Parliament

Interim post-Brexit trade deal gets royal assent

By Dave Bedard, GFM Network News March 20, 2021

Canada’s beef cattle producers are warning of a growing beef trade deficit, not only between Canada and the European Union but between Canada and the United Kingdom, as a new stopgap U.K. trade pact nears its launch. International Trade Minister Mary Ng on Friday announced Canada is ratifying the Canada-U.K. Trade Continuity Agreement (TCA), after

CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Corn rebounds on technicals, sales to China

Soybeans also gain; wheat weak on improving U.S. crop

By GFM Network News, Karl Plume March 20, 2021

Chicago | Reuters — U.S. corn and soybean futures rebounded on Friday in an end-of-week technical and bargain buying bounce from steep losses the previous day. Corn received an additional boost from the U.S. Agriculture Department’s (USDA) confirmation of large sales to China for a fourth straight day, lifting the market to its first weekly

CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets

U.S. livestock: Lean hogs resume climb on robust demand

Cattle down ahead of USDA report

By GFM Network News, Karl Plume March 20, 2021

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mostly higher on Friday, rebounding from sharp declines the previous day as strong pork demand and tight hog supplies extended the market’s recent advance. Hog futures have soared in recent weeks, with April futures touching a 6-1/2 year front-month-contract high on Friday, as traders

Daily Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

Markets

Canadian Financial Close: Loonie steady, oil mixed

North American Grain/Oilseed Review: Canola up sharply in front months

Brazil to reap record corn harvest but second crop worries linger

ICE canola turns mixed at midday Monday

Canadian dollar and business outlook

ICE Canada Morning Comment: Canola starts week lower

Global Markets: CP buys Kansas City Southern for US$25 billion

Beef trade gap seen growing as U.K. pact clears Parliament

U.S. grains: Corn rebounds on technicals, sales to China

U.S. livestock: Lean hogs resume climb on robust demand

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